rareliquid

Author: rareliquid

A series of interviews that aims to level the playing field for those interested in business careers. Learn more at www.youtube.com/@rareliquid.
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#32 Annanay (Flow Traders, Tower Research, YC) | Quant Trading, HFT
Sunday, 2 November, 2025

👇Annanay👇► Twitter: https://x.com/a_kapila_► QFEX: https://x.com/TradeQFEX🧑‍🏫Columbia & Wall Street Prep AI Certificate Program🧑‍🏫► Use code RARELIQUID for up to $500 OFF► https://secure.enroll.columbia.wallstreetprep.com/referral/VsWSdAX1/s2yqD1GUkwps4u5h🚀My 1-1 Banking Mentorship Program🚀► Work with me to secure an investment banking offer: https://bankingaccelerator.com/⏱Timestamps⏱00:00:00 – Introduction & Guest Welcome00:01:40 – Annanay's Background & Cambridge00:04:09 – Preparing for HFT Interviews00:05:33 – Brain Teaser Resources & Pressure00:06:27 – Competitiveness in Trading Internships00:07:46 – Value Creation in HFT00:10:50 – Day in the Life of a Quant Trader00:13:55 – Systematic vs. Tactical Work00:15:20 – Best/Worst Trades (Crypto Examples)00:18:30 – Risk Controls & Volatility00:21:09 – Retail Investing Advice00:23:10 – Personal Investing Strategies00:24:20 – Tools & Dashboards for Trading00:27:20 – Building Statistical Models00:30:13 – Required Skills (Coding, Stats)00:32:57 – Handling Black Swan Events00:36:28 – Trading Glitches & Blowups00:39:00 – Deploying New Strategies00:41:48 – Sources of Edge in HFT00:44:36 – HFT vs. Fundamental Investing00:47:47 – AI's Role in Trading & Finance00:51:34 – Compensation Structure00:56:58 – Leaving Trading for QFEX00:59:30 – Y Combinator Application Process01:02:06 – What is QFEX? (24/7 Exchange)01:06:41 – 24/7 Trading Mechanics01:07:02 – Trading vs. Entrepreneurship01:09:06 – Lessons from Trading for Startups01:13:09 – Fundraising Tips01:15:07 – VC Priorities at Seed Stage01:19:25 – 5-10 Year Vision for QFEX01:22:07 – Closing & Outro📱Interact With Me📱► Instagram: https://www.instagram.com/rareliquid► TikTok: https://www.tiktok.com/@rareliquid► LinkedIn: https://www.linkedin.com/in/ben-chon-8b0ba34a/► Business Inquiries: ben@rareliquid.com